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> If you are so shocked then please explain why Bitcoin miners refused to increase the transactions per block to a level that is suitable for Bitcoin? I'm no B
by melolife 6y ago
> If you are so shocked then please explain why Bitcoin miners refused to increase the transactions per block to a level that is suitable for Bitcoin?
I'm no Bitcoin maximalist, but this problem cannot be solved by increasing storage requirements in a linear fashion to accommodate more transactions, as then you are trading one problem for another.
Case in point Bitcoin Cash which, (if actually used) with a block size of 32MB could grow at 1.6 TB/year, prohibiting most individuals from running a node.
There's also the problem analogous to road planning where adding lanes does not decrease congestion, because the level of congestion than exists represents what people are willing to tolerate before giving up on driving.
That being said wrt your question there's also an element of greed in that there's money to be made selling level 2 solutions, but it's not as clear cut as the big block crowd would have it.